Operational Update
SOBHA Reports Record Q1 FY27 Sales of ₹3,656 Crore, Highest Ever Quarterly Performance
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SOBHA Limited reported its strongest-ever quarterly operational performance for Q1 FY27, achieving record sales value of ₹3,656.1 crore, driven by robust demand for newly launched residential projects in Bengaluru and Gurugram. Sales value grew 76% YoY, while sales area increased 62% YoY, supported by multiple successful launches and strong regional demand.
PRICE-SENSITIVE TRIGGER
Event: Real Estate Operational Update for the quarter ended 30 June 2026.
Type: Operational Update
Impact: Positive
Immediate Effect: The company achieved record quarterly sales, expanded project launches, and maintained healthy execution momentum across key markets.
Key Metrics:
- Total Sales Value: ₹3,656.1 crore (+76% YoY, +79% QoQ)
- Sales Area: 2.34 million sq. ft. (+62% YoY, +75% QoQ)
- Average Realisation: ₹15,655 per sq. ft. (+9% YoY, +3% QoQ)
- SOBHA Share of Sales Value: ₹2,992.1 crore (+74% YoY, +83% QoQ)
- SOBHA Share: 81.8% (vs. 82.6% in Q1 FY26 and 80.1% in Q4 FY26)
- Revenue: Not disclosed
- EBITDA: Not disclosed
- PAT: Not disclosed
- Margins: Not disclosed
- Segment Performance: Residential real estate operations
Highlight:
- SOBHA delivered its highest-ever quarterly sales value, crossing ₹3,656 crore, while its share of sales also reached a record ₹2,992 crore, reflecting strong customer demand and successful project launches.
What Happened ?
SOBHA Limited released its operational update for Q1 FY27, reporting record sales across value, area, and customer bookings.
The company sold 1,432 homes and plots during the quarter with a total sales area of 2.34 million sq. ft. Growth was led by new launches including SOBHA OneWorld, Sacred Grove by the Lake, and SOBHA Crescent.
Bengaluru remained the largest contributor, while the National Capital Region (NCR) also recorded strong sales following new project launches.
Key Details
Operational Performance:
- Achieved highest-ever quarterly sales value of ₹3,656.1 crore.
- Sold 2.34 million sq. ft. of real estate during the quarter.
- Booked 1,432 homes and plots.
- SOBHA’s share of sales reached a record ₹2,992.1 crore.
Regional Performance:
- Bengaluru
- Sales value: ₹2,067 crore
- Contribution: 56.5% of total quarterly sales.
- Recorded its strongest-ever quarterly sales.
- National Capital Region (NCR)
- Sales value: ₹1,384 crore
- Contribution: 37.9% of total sales.
- Kerala
- Sales value: ₹134 crore
- Contribution: 3.7%.
- Other Cities
- Sales value: ₹71 crore
- Contribution: 1.9%.
Project Launches:
- During the quarter, the company launched 6.89 million sq. ft. of saleable area across three projects in Bengaluru and Gurugram.
Major launches included:
- SOBHA OneWorld
- 47.4-acre residential township in East Bengaluru.
- 3,484 homes across 5.39 million sq. ft.
- Estimated sales potential exceeding ₹7,500 crore.
- Initial phase comprises 2,249 homes across 3.43 million sq. ft.
- SOBHA Crescent
- Phase I of an 11.99-acre luxury residential project in Sector 63A, Gurugram.
- 336 homes across 0.87 million sq. ft.
- Estimated sales potential of ₹2,200 crore.
- Sacred Grove by the Lake
- Premium plotted development spread over 26 acres in Chikka Tirupathi, Bengaluru.
- 388 residential plots across 0.63 million sq. ft.
Project Execution:
- Completed 671 homes across 8 projects.
- Delivered 1.08 million sq. ft. of saleable area during the quarter.
Note:
- The record operational performance was supported by strong customer response to newly launched premium residential developments in Bengaluru and Gurugram.
Risk Analysis
Summary:
- While demand momentum remains strong, sustaining record sales will depend on continued launch execution, customer absorption, and overall residential market conditions.
Key Risks:
- Sales momentum is dependent on successful execution of newly launched projects.
- Real estate demand remains sensitive to interest rates and macroeconomic conditions.
- Timely construction and project delivery remain important for sustaining customer confidence.
Worst Case:
- A slowdown in residential demand or project execution delays could moderate future booking growth despite the strong start to FY27.
Risk Level: Medium
Company Commentary
- Achieved the highest-ever quarterly sales value of ₹3,656.1 crore.
- Sales were driven by strong customer response to new launches in Bengaluru and Gurugram.
- Launched 6.89 million sq. ft. across three projects.
- Completed delivery of 671 homes during the quarter.
Official Exchange Filing: SOBHA Limited
